Giant Pool of Money

Compared to the Fast Fashion podcast, this podcast was in collaboration with multiple people within the industry. There were multiple experts in their own specific fields and it was a complete change from the previous podcast that we listened to. In the attempt to really downsize this hugely complex problem, they brought in agents, people who were on the brink of bankruptcy, people who experienced fraud from companies/banks that were just giving out mortgages that the people could not pay off monthly. And most of these problems that occurred were due to miscommunication and, well, just fraud itself. This podcast had most, if not all, of the strategies that we had learned in class. Organized very, very well with topics that transitioned really, to a point where I didn’t even realize it was changing. The problem was about money and how it was brought up and how it was used in many ways and how these people were earning money too; essentially, the cycle of money. The podcast also has gotten interviews with multiple people who have first-hand experience with the corrupted system of mortgages. Now in the podcast, it mentions how some people just borrowed tons of money, like a good $100,00, and with that, they don’t have to report anything along the lines of income or anything else like that. This went on for years and years, and it probably still goes on up to this day. (I am not 100% sure about that statement.) Even in the podcast, and I quote “Kerry Campbell: $16,250 a month, which means your salary on a yearly basis would be making– you’re making just under $200,000, $195,000 to be exact. Richard: I wish. In 2005– and they used my 2005 taxes– I was making $37,000 a year.” But, I think over the whole podcast, everyone is trying to fix this epidemic, and trying to fix it before it becomes even worse than it already is.